Tag: Budget

Recent college graduates know a lot about debt. Many have racked up debt burdens that they will be paying back for years. Their monthly payments – often as much as $1,000 – will limit their ability to live the lifestyle their salary would otherwise entitle them to. And their interest payments are a demoralizing force… Read More »

More than two months after it was due, President Obama has finally released his budget plan. Having perused much of the budget it’s difficult to tell what he’s been doing for the last two months? Was he shaking the White House couch cushions in an attempt to dislodge a few more dollars he could spend?… Read More »

“Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control over the means must also determine which ends are to be served, which values are to be rated higher and… Read More »

One step forward and five steps back. That’s the early feeling I get when reading about some of the things we can expect from President Obama’s budget. On the plus side of the ledger, Obama appears to be willing to officially embrace “chained-CPI,” which is a new measure of inflation used to determine Social Security… Read More »

And just like that one of the proud recent traditions of Congress bites the dust. In stark contrast to the last several years, the House and Senate have each passed a continuing resolution that will keep the government funded through the end of the fiscal year. The bill, which will fund the government at levels… Read More »

Despite their legal responsibility, Senate Democrats didn’t release a budget for four years. After having some time to digest their recently released budget package, I can now see why. Not only is it utterly lacking in ideas to move the nation forward, it’s a document deeply rooted in the flawed status quo. It’s filled with… Read More »

The Obama Administration announced that their 2014 will be delayed once again. By law, President Obama’s budget was due on February 4. Sadly, this White House has viewed the law, as more like a set of guidelines, to be followed when it is convenient. Instead, congressional sources indicate that Obama will release his budget on… Read More »

House Republicans realized they were backed into a corner. Democrats control the Senate and the White House and were dead set on pushing the nation to the brink of default to ensure government spending would not be cut. It was a game that Democrats knew they could win; with the media on their side they… Read More »

It has now been 1,086 days since the Democrat-held Senate has passed a budget. On April 29th, just nine days from now, it will have been three full years since Democrats upheld their constitutional duty to adopt a fiscal plan. On Monday that streak of futility and cowardice appeared to be coming to an end.… Read More »

According to Paul Krugman Republican politics is characterized by pathological dishonesty. That is to say, he feels that many Republicans in Congress, in their heart of hearts, understand certain things – that stimulus is good, that budget cuts are bad, and that deficits are neither good nor bad – it’s just that they are too… Read More »